beginers advice
Heres some advice that I heard when I first looked at fx trading. A gentleman I know said to find one pair and study it. He's traded usd/cad for 15 years and is making a good living. Study one pair and find out is quirks. Find out when it usually trends up or down [ 000 gmt or 700 gmt or 1200 gmt. Every pair has a certain time that it trades well, and times that it doesn't. Study it until you know it like the back of your hand. Know it well enough that you can almost guess where it is going. When you try to trade more than one pair you get confused. Also find where you can get 20 pips regularly. 20 ten dollar pips is better than trying for to get 50 one dollar pips. A pair will generally move 15 -20 pips easily. where 50 pips is alot harder. Here is a hint, usd/jpy will move almost regularly 20-30 pips at around 000 gmt. Check it out. Use a simple 21 moving average at 15 minutes.
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